Hoosier Heartland State Bank Mortgage Rates, Fees & Info
Crawfordsville, INLEI: 549300NZ54QGM0WNLC84
Tax ID: 35-0472900
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hoosier Heartland State Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Hoosier Heartland State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Crawfordsville, Indianapolis, Muncie, Terre Haute, and Lafayette among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Hoosier Heartland State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
96Origination Dollar Volume (All Markets)
$21,470,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Crawfordsville, IN (FHA|USDA|VA) | 69 | $12,515,000 | $181,377 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $3,495,000 | $268,846 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $2,130,000 | $532,500 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hoosier Heartland State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $21,470,000 | $223,646 | $0 | 0.00% |
For 2022, Hoosier Heartland State Bank's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 37 | $10,565,000 | $285,541 | $0 | 0.00% |
| Home Purchase | 35 | $5,905,000 | $168,714 | $0 | 0.00% |
| Cash Out Refi | 24 | $5,000,000 | $208,333 | $0 | 0.00% |
For 2022, Hoosier Heartland State Bank's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $21,470,000 | $223,646 | $0 | 0.00% |
For 2022, Hoosier Heartland State Bank's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2022 saw Hoosier Heartland State Bank place emphasis on $100k-200k loans with 31 originations, totaling $4,425,000 in origination value.
Applicant Income
Hoosier Heartland State Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $21,470,000 | $223,646 | $0 | 0.00% |
Hoosier Heartland State Bank lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.76%
Hoosier Heartland State Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.13%
Hoosier Heartland State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $21,470,000 | $223,646 |